03/09/2017
Pakistan to sign agreement regarding bank accounts with Switzerland: Ishaq Dar
The situation demanded that Pakistan approach the Swiss government for a treaty surrounding the exchange of information, Dar added.
Regulation, Risk & Compliance
03/08/2017
Lax Oversight of Swiss Lawyers Blamed in EU’s Panama Probe
A Swiss lawyer does not have to abide by due diligence rules when it acts as an intermediary in setting up a company that has directors as nominal beneficiaries owners of a company
03/07/2017
IoM regulator investigates another troubled sustainable fund
The latest fund, Quadris was set up on the Isle of Man as a multi-class qualifying fund and invests in sustainable forestry plantations in Brazil that are managed by a company called Floresteca SA.
03/07/2017
Practitioners in Nevis’ Financial Services Industry urged to protect businesses; jurisdiction
The Finance Minister said officers of the Nevis Investment Promotion Authority, have been instructed to work closely with the providers to give whatever assistance need.
03/06/2017
Jersey figures make clear that private placement is effective route for marketing funds into the EU
Particularly against the backdrop of Brexit with market proving such a critical issue for managers, private placement is providing a seamless, cost-effective and flexible route into key European investor markets.
03/06/2017
Sagicor Delivers Record Earnings
Management is in discussions with the regulator, Financial Services Commission.
03/06/2017
deVere Group receives investment banking licence
The investment banking licence comes just six weeks after deVere launched its own private bank
03/05/2017
Brexit: The Latest Impact On Digital Business In Jersey
As we manage this change, how will the three biggest Brexit implications for the digital sector, as researched by techUK, impact Jersey – and is the way forward even a little bit clearer?
03/03/2017
Isle of Man to officially wind up Nicaraguan bamboo fund
The Isle of Man’s financial services regulator is looking to officially liquidate the stricken Eco Resources Fund.
03/03/2017
Bermuda names fined banks while Canada keeps them secret
Canadian authorities still refuse to name Manulife, the bank fined for breaking money laundering laws.
03/02/2017
NPPR for investment fund marketing to EU holding up in the face of Brexit and ESMA passport delays
The new regime will come into force, particularly in the light of the Brexit negotiations over the coming years.
03/02/2017
Bermuda fines Sun Life unit $1.5M for compliance gaps
Regulator cites failure to comply with country's anti-money laundering and anti-terrorist financing rules
03/02/2017
Labuan IBFC to focus on niche areas in 2017
Labuan International Business and Financial Centre is expected to intensify its efforts on developing niche sectors such as leasing.
03/02/2017
UBS will substitute issuer of future loss-absorbing AT1 capital instruments and current and future TLAC-eligible senior unsecured debt
At that point, we also expect to substitute UBS Group AG as issuer of outstanding capital and debt instruments issued by UBS Group Funding (Switzerland) AG.
03/01/2017
CIMA celebrates 20 years of service
The 20-year milestone is also an opportunity to reflect on the authority’s achievements and plans for the future.
03/01/2017
Beneficial ownership registry approved
The bills outline definitions of beneficial ownership and set forth creation of a registry that would be accessible by law enforcement and tax authorities.
03/01/2017
A New Regulatory Option for a Forex Broker License
Brokers looking for an FX license are increasingly looking to the Securities Commission of The Bahamas
02/28/2017
BMA slaps $1.5m fine on Sun Life
In addition, the BMA has halted any new payments into existing policies and accounts, while Sun Life Financial Investments will have to prove
02/28/2017
Leading global fiduciary and administration provider boosts capabilities with acquisition
Is committed to enhancing its position as a leading player in existing and new jurisdictions.
02/27/2017
Antigua and Barbuda Implements GIIC Diplomatic Regulatory Framework
The GIIC made the regulatory recommendations to increase the transparency and accountability of diplomatic appointments' work with the country's Citizenship by Investment Program.